Midcoast Literacy
- Assets
- $113.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bath, ME
- Founding
- 02/2004
- Data as of
- 12/2022
- EIN
- 54-2127254
Organization Overview
Midcoast Literacy is located in Bath, ME. The organization was established in 2004. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midcoast Literacy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Midcoast Literacy generated $172.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $165.8k during the year ending 12/2022. While expenses have increased by 6.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Burson Executive Director | 25 | $36,880 | |
Julie Hendrickson Board Chair | 5 | $0 | |
James Hughes Treasurer | 5 | $0 | |
Lucille Stott Director | 2 | $0 | |
Linda Haroff Secretary | 3 | $0 | |
Richard Brown Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $166,064 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $203 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,788 |
| Other Revenue | $0 |
| Total Revenue | $172,055 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $118,742 |
| Professional fees and other payments to independent contractors | $835 |
| Occupancy, rent, utilities, and maintenance | $17,900 |
| Printing, publications, postage, and shipping | $1,749 |
| Other expenses | $26,558 |
| Total expenses | $165,784 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $110,185 |
| Other assets | $0 |
| Total assets | $113,334 |
| Total liabilities | $22,817 |
| Net assets or fund balances | $90,517 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Midcoast Literacy has recieved totaling $29,507.
| Awarding Organization | Amount |
|---|---|
Sam L Cohen Foundation Portland, ME PURPOSE: OPERATING SUPPORT | $10,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Adult Education | $7,500 |
Nora Roberts Foundation Inc Glenn Dale, MD PURPOSE: OPERATIONS | $3,000 |
Levenger Foundation Inc Delray Beach, FL PURPOSE: TO SUPPORT THE MISSION OF THE ORGANIZATION. | $3,000 |
Leonard C & Mildred F Ferguson Foundation Canton, OH PURPOSE: EDUCATION GRANT READ WITH ME PROGRAM | $3,000 |
Androscoggin Banks Mainstreet Foundation Portland, ME PURPOSE: GENERAL FINANCIAL SUPPORT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashua Adult Learning Center Inc Nashua, NH | $5,002,850 | $5,676,963 |
New Hampshire Assoc Of Special Education Administrators Inc Concord, NH | $597,509 | $614,462 |
Axiom Education & Training Center Machias, ME | $38,090 | $461,922 |
Northern New England Center For Financial Training Springvale, ME | $383,958 | $502,348 |
Womens Rural Entrepreneurial Network Bethlehem, NH | $244,430 | $329,541 |
Association Of Computer Technology Educators Of Maine Gorham, ME | $431,468 | $232,156 |
Monadnock Art X Tech Peterborough, NH | $88,260 | $264,707 |
Curran Homestead Orrington, ME | $2,707,987 | $129,060 |
Midcoast Literacy Bath, ME | $113,334 | $0 |
College Guild Brunswick, ME | $415,805 | $0 |
Taproot Farm & Environmental Education Center Lancaster, NH | $259,954 | $211,869 |
Midcoast Senior College Brunswick, ME | $284,453 | $0 |